Dealers
 

AutoNation U.S. sales rise 9% in July

1:55 pm U.S. ET | Aug. 4, 2015
AutoNation's U.S. new-vehicle retail sales grew by 9 percent from the year earlier to 29,875 in July, making it the company's best July since 2006.
BEST PRACTICES

Washington dealer rejects dealer reserve and builds loyalty

12:01 am U.S. ET | Aug. 3, 2015
Denver Morford, dealer principal at Barry Chrysler-Dodge-Jeep-Ram in Ephrata, Wash., doesn't believe in dealer reserve. He gives customers the wholesale rate for the loan, and it keeps them coming back.

Penske Automotive Q2 earnings rise 29.5%

9:06 am U.S. ET | July 29, 2015
Penske Automotive Group reported second-quarter net income rose 29 percent driven largely by a higher volume of vehicle sales and a solid performance...

As dealership sales climb, margins slide

12:01 am U.S. ET | July 27, 2015
On the surface, second-quarter results from five publicly traded dealership groups last week were solid.

BEST PRACTICES

Tomes' 10-foot rope a measure of success

12:01 am U.S. ET | July 27, 2015
At Bob Tomes' Ford and Subaru stores in McKinney, Texas, any staffer who gets within 10 feet of a customer must greet them and ask them about their...

Dealers

12:01 am U.S. ET | July 27, 2015
Dealers featured this week include members of the Brasher family at Brasher Motor Co.

Energy prices, flood waters are no match for Group 1

12:01 am U.S. ET | July 27, 2015
From the outside, one might assume Houston's Group 1 would be hurting.

NADA to hold convention in Las Vegas every other year

8:33 pm U.S. ET | July 24, 2015
The National Automobile Dealers Association it will hold its annual convention in Las Vegas every other year through 2022, the association said...

Group 1 profit up 20% on record revenue

7:45 am U.S. ET | July 23, 2015
Group 1 Automotive reported strong second quarter earnings, thanks to rising vehicle sales and firm pricing in the U.S.

Lithia prepares for next acquisition

1:41 pm U.S. ET | July 22, 2015
Lithia Motors expects its DCH Auto Group division to acquire more stores in a major coastal market in the next few months.

Lithia's Q2 net jumps 34% on DCH purchase

9:19 am U.S. ET | July 22, 2015
Lithia Motors' second-quarter profit and revenue soared, largely because of its acquisition last year of DCH Auto Group along with improving new- and...

AutoNation's Q2 net rises 15%; revenue up 9%

8:00 am U.S. ET | July 22, 2015
AutoNation's net income rose 15 percent in the second quarter from the year-earlier period to $115.1 million. Revenue rose 9 percent to $5.

Asbury Q2 net rises 14% on broad revenue gains

10:59 am U.S. ET | July 21, 2015
Asbury Automotive Group Inc.’s net income increased 14 percent in the second quarter to $41.1 million.

Dealers will pay up for vendors' data access after CDK switch

12:01 am U.S. ET | July 20, 2015
CDK Global is copying the vendor-certification program of rival Reynolds and Reynolds, portending big monthly cost increases to dealers for data...

Sonic Automotive's Q2 net drops 45%

11:45 am U.S. ET | July 20, 2015
Sonic Automotive's adjusted net income fell 45 percent in the second quarter, partly because of rising expenses related to the launch of the...

BEST PRACTICES

Building a brand in the service department

12:01 am U.S. ET | July 20, 2015
A few years ago, Adam Silverleib found his family's Honda store facing a problem no dealer wants to confront: Not one but two new Honda dealerships...

Town uses tax funds to spur car sales

12:01 am U.S. ET | July 20, 2015
The Shop Libertyville Rewards program gives consumers up to $200 in gift certificates when they buy or lease new vehicles from any dealership in...

Dealers

12:01 am U.S. ET | July 20, 2015
Dealers featured this week include Walter Kienle, of Walter’s Automotive in Riverside, Calif.

Buick revives the overnight test drive

12:01 am U.S. ET | July 19, 2015
Buick is offering customers the chance to take test-drive vehicles home overnight, a move it calls a long-term brand-building effort rather than a...

M-B dealers donate $100k for S.C. scholarship fund

3:27 pm U.S. ET | July 13, 2015
The Mercedes-Benz Dealers of America board, along with a dealer in Charleston, S.C.

BEST PRACTICES

With hydrogen, high pressure to get it right

12:01 am U.S. ET | July 13, 2015
Mike Sullivan's Santa Monica, Calif.

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CAR's David Cole on suppliers, Sergio, 'a wild and crazy time'

CAR's David Cole on suppliers, Sergio, 'a wild and crazy time'

'Fast and furious.' That's how Center for Automotive Research chairman emeritus David Cole describes an auto industry that may never see stability again.
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